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only 6,000 prius sold in the first three quarters, leaving us with the number one electric car in the u.s., yeah, you got it, the always controversial chevy volt which does not make this noise. get this, the best selling car has just 13,000 sales. that's the best selling one. that's the one that does really, really good. the car is constantly a disappoint dollars. that is it for next "the willis report." thank you for joining us and i wish you and your families all have a very, very merry christmas. have a great night. lou: good evening, everybody. obama administration's collectible middle east policy. egypt right now on the grip of the worst political crisis since the fall of the president two years ago. and in syria, increasingly desperate measures to counter an insurgency that is slowly but surely pushing closer to control of the capital city of damascus. we will take all that up there with the fox news military analyst, new intelligence report that concludes america's time as the lone superpower is nearing an end. john negroponte joins us to discuss our nation's future as
>>> that's it for us. >>> that's it for us. thanks for watching. "early start" begins now. >>> without warning, a surprise tornado strikes in the middle of a series of severe storms throughout the southeast. >>> plus, secret sabotage. police want to know who's behind the pipe bombs found attached to the gas tank of a large truck. >>> mum's the word on the air force's secret space plan set to blast off today. secret but we have some details. >> we know all about it. >> good that's right. good morning and welcome to "early start," everyone, i'm john berman. >> and i'm zoraida sambolin. tuesday, december 11th, 5:00 a.m. in the east. we begin this morning in the south where more storms are expected today. this after residents are left cleaning up from the aftermath of yesterday's storms. the rain was so intense. take a look at what happened to the home of one man, this is birmingham, alabama as he was being interviewed by a local tv reporter. >> we had dogs. he was in the cage. oh, my god. oh, my god. oh, my god. you all okay? you all okay? you all all right? >> look at that,
about in you're so vain and will you share that with us? >> i think it's warren beatty. >> and he says not. >> that's what my information was but again that information has not been updated for 40 years. [applause] >> now that that the turnpike extends past the city to the airport, any thoughts about revising the song? >> you mean the turnpike no longer ends in boston, it goes all the way to summer set, no. what town is the airport in? >> that's got a ring to it but it doesn't rhyme. that's the thing is the internal rhyme. that song has four rhyming schemes going at once. it's got to be boston unless they take it to aust tin texas. [applause] >> i want to thank all of you for joining us this afternoon. i want to remind you of our next lunch on december 18, we have leon panetta, i'm sure if you have some advice on how to stolve fiscal cliff i'm sure heed like to hear that. >> while you are writing your next song i'd like to present you with your coffee mug. it might give you some inspiration. >> thank you so much. [applause] >> i want to thank the national press club staff including the
the other lesson learned for us is to look beyond the tactical level of training that's provided by the department of defense to consider what ways we might also engage in terms of institutional development with the defense institutions and that's something in the last several years where we are ramping up in the department of the ability to provide advisers and other types of institutional reform engagement with various military partners to ensure that just as we are looking at strengthening of the tactical level we are also focusing on the institutional strength of these defense institutions. >> ms. dory can we afford to wait a year for planning, training, assembly of a regional force for the completion of negotiations for the successful election in some press accounts aqim is described as this point the best funded and best equipped most potentially lethal affiliate in the world and those accounts are overblown but the suggestion is we should have an area the size of texas controlled by terrorists engaged in drug trafficking and kidnappings that have had an inflow of some soph
since 2008 but going over the fiscal cliff puts us at peril in terms of lower income and higher regulatory burdens and just the uncertainty. >> brian, sometimes the media gets the blame for scare mongering and i'm going to therefore try to play the other side and the devil's advocate. is there a possibility that this fiscal cliff talk is a y2k moment? in other words, it's not going to be nearly as bad as we think? >> oh, i think that's a possibility. i think maybe there's a little bit of cynicism in the market and a lot of people in the sidelines which is one of the reasons why the vix is as low as it is. compare this to the negotiations surrounding the extension of the debt ceiling back in august of last year. nothing like the turmoil that's been there. i think a lot has already been baked into the cake. i think right nprobably to the extent there's the stage set for further negotiations for a grand bargain to set more permanent parameters on tax and spending policy. >> is there anything that's immune to the fiscal cliff talk, anything you would buy right here? >> well, i would
us and we're going to get a deal that has some integrity. and i've said before, if we get anything that makes meaningful step towards fixing our fiscal problem, you're going to see the market go up a couple thousand points. i think that is a, you know, 20% chance in 2013. i think we could really go some place, if politicians show some leadership. >> that's only 20% that they have integrity. >> yeah, yeah. that's up from earlier today. >> thank you, john, thank you guys for being with us today. make sure you join us on monday. "squawk on the street" begins right now. ♪ >>> good friday morning. welcome to "squawk on the street" on this final friday trading session of the year. i'm carl quintanilla at the new york stock exchange, along with melissa lee. >> that's a good song. >> i actually requested that a few moments ago. cramer and faber had the day off. the market has a few jitters as we enter what is going to be an interesting day. of course, the meeting at the white house, 3:00 between the president and some congressional leaders. as for europe, getting some data out of japan o
rest of us who are aging. i think we should be in charge, don't you, brian? on that note, thank you so much, everybody. we've got a rally going on out there. it looks as if the street is expecting some kind of deal, but as bob pisani's been saying, i'm wonder if it's a bite rumor and sell the fact situation. >> more negative now than when i came down here. >> that's not very encouraging. where's the hope "closing bell" is next. >> a government fractured, a market paralyze. a call to action our markets careen towards the sharp edge of the fiscal cliff. we've is asked our politicians to seem compromise and find a solution. the clock is ticking down. the stakes are getting higher. now we're turning up the pressure. this is a cnbc special report, "mission critical, rise above d.c." >> and we do welcome you to "closing bell." i'm bill griffith here at the new york stock exchange. hey, maria. >> hey there, bill. big rally where you are. i'm bartiromo coming today from the white house for our special coverage. stocks rallying on the on the missile that perhaps we are nearing a fiscal cliff
will come here to washington and ask us to help them out from their bad decisions. i hope at that time that we can show by pointing at these states and these right ideas that we know the solutions at the state level and that we also know that we can change how we think here at the federal level and make our country work a lot better. i i leave here with a lot of respect for my colleagues. i know my democrat colleagues believe with conviction their ideas. and i know my republican colleagues do too. but i hope we can look at the facts. i hope we can look at the real world. i hope we can look at what's working and set aside the politics and realize what really makes this country great and strong is when we move dollars and decisions out of washington back to people and communities and to states, that it works. not for 2% but for 100% of americans. i feel like our customers in the senate, at the heritage foundation, or wherever we go, are 100% of americans who these ideas can work for to build a better future and a stronger america. and i'm not leaving the fight. i hope to raise my game at
, roger altman and barry knapp. we have thorsten heins joining us, as well. >> our big story of the morning, it could be a tense days for the markets as the resolution to the physical cliff appears less likely. we can see the futures opening at least 150 off if things keep up the way they are. house speaker john boehner failing to mount enough support for his plan b that would raise taxes only on families earning more than $1 million. the president vowing he will press ahead with congress to get a deal done. >> he wasn't going to do it, anyway. what does he mean it will press ahead? >> i don't know. >> because it wasn't going to go to the senate. >> but to me, the demonstration that boehner didn't have the support -- you thought boehner never had the support for this plan? >> no. i'm saying boehner didn't have support to do it even at a million -- >> which suggests to me what kind of rationale -- >> because maybe the house wanted some actually spending cuts. after giving in on tax breaks, they didn't go -- >> we always wondered if boehner can deliver the right. i wonder if th
a little later. there go the fireworks. yeah, it is officially new year's eve. >> 18 hours ahead of us. >> happy 2013 to those folks just a few hours away from us. good morning, everybody. i'm becky quick along with andrew ross sorkin. joe kernen is joining us from washington, d.c. this morning along with john harwood. joe, i know you have a huge lineup there. and i know you were up a little late last night, too, right? >> yes, becky, very late. you and andrew, i hope you guys are ready for the heavy lifting. can i ask you a question? are they over the cliff in new zealand, do you know? >> yeah, i guess that's it. >> the sequester would have gone into effect. >> no, that's probably only affecting us here, but that shows you how close it is. we are -- i guess something could happen at 11:00. we'll see, beck. andrew, good to see you, as well. >> good to see you. >> we've switched. i've got the jacket on, you've got the jacket off. how does that capital building look? >> it looks great behind you. you look very statesman like, absolutely. you have your rise above pin on for this final day
be spending that money. let us get on with building a business. society should do it. people should take that as a given. i know the rest of us have it. we would gladly get rid of all of that in a minute. it is a health care issue. we talked about technology and data sharing. there are productivity, issues that are significant. >> i want to touch on some other hot-button topics we have not discussed as much. capital gains, dividends. current laws, they go back up. dividends treated as ordinary income. capital gains goes back up to 20%. how much revenue are we talking about? if those become bargaining chips, how much are we giving up? >> under current law, the capital gains rate is scheduled to go to 20%. we are actually talking 23.8%. dividends are scheduled to go to ordinary rates. you need the 3.8% for people who have higher incomes. significant increases in both are scheduled. as you think about the fiscal cliff and what is coming, one of the few places you can see people responding to it is in their behavior around capital gains and dividends. companies are moving up to how, sharehol
:00 p.m., first responders benefited on long beach island. make sure you join us on monday. "squawk on the street" is next. >>> good friday morning. welcome to "squawk on the street." live at the nyse. a blowout session in shanghai overnight. best single day gain in more than three years on a pretty decent pmi. europe has also been a blend of red and green as the ft names ecb chief the person of the year. we're going to kick off with breaking news. for that would, we go to david faber. >> news on best buy, in the news yesterday. the stock up sharply. what we can tell you right now is the board of directors of best buy, and its founder, richard schultz, has been trying to put together a group to essentially buy the company in a go private transaction, have extended the deadline in which he would need to come with a bid for best buy and created a window in fact that will begin on february 1st next year and end with the end of that month on february the 28th. giving schultz the opportunity to look at not just christmas sales, but the end of their fiscal year, which will end at best buy
. >> about 10.5. >> join us tomorrow. right now it's time for "squawk on the street." >>> good wednesday morning. welcome to "squawk on the street." live at the nyse. what a morning shaping up here. a little data to look at. m&a. the president speaks to the business roundtable in a couple of hours. futures with modest gains. europe holding onto gains and china up nearly 3% over night as shanghai catches a break. our road map begins with a $20 billion deal. freeport mcmoran getting into the energy business making two acquisitions. plains exploration and mcmoran exploration. >>> concerns over the u.s. economy as adp misses estimates. the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with th
. that is it for us. have a great weekend, everyone. >> john: another weekend no, deal on the fiscal cliff. how close one is depends on whom you believe. this is "special report." ♪ ♪ >> john: good evening. i'm john roberts in for bret baier this evening. deadlock, gridlock, stalemate, whatever you call it. most people in washington seem to think we are there. we have just four more weekends to go before america goes over the most talked about piece ovate i of real estn the world, the fiscal cliff. ed henry tells us not everyone is pessimistic. >> reporter: literally snapping his fingers, vice president joe biden today suggested it will be easy to finish a deal with congress to avoid the fiscal cliff. >> it would take 15 minutes from the time the decision is made by the speaker of the house to pass and make permanent middle class tax cut. the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. it is not complicated. >> greg: speaker bane -- >> reporter: speaker john boehner not so optimistic. >> this is not a progress report, th
. in fact, it looks like u.s. consumers are doing what they do best in mid-decmber: procrastinating. how are you doing on your holiday shopping? >> pretty poorly to be honest with you. my wife typically takes care of most of it. last year, i was definitely ahead of the game. i'm probably 75% to 80% done. fantastic. haven't started yet. hoping to get a jump start on it this trip. >> reporter: retail expert mike niemira says only half of americans polled recently have finished their holiday shopping. >> the consumer is behind on their completion. that means we rely much more on the next few days for it to pick up dramatically. >> reporter: because of all the fiscal cliff doom and gloom, retailers are worried. and perhaps they should be. after all americans think their personal finances will take a hit next year. and that might mean fewer gifts under the tree. >> we believe that the post black friday lull that we've seen in the last three weeks that consumers are spending at a very restrained rate simply because they don't have the money and there's a little bit of a fear factor out there.
of us who had the privilege to serve with you. i hope and i pray that god will give you and your wife many, many more years of life and enjoyment because you have certainly earned it, because you have served not only the united states house of representatives, but you have served us, you have served the people of our districts as well as helping us be better members of congress. so with that i will close by asking god to please bless you and your family and may god continue to bless the house of representatives and jay pearson, you will be in our hearts until the day we die. god bless you. . mr. woodall: at this time, it's migrate pleasure to yield the gentleman from california, chairman of the ways and means health subcommittee, mr. herger. mr. herger: i thank my good friend. how wonderful it is to be able to sit here and listen to all these incredibly warm remarks from people who, like myself, know and love jay pearson. and there's a reason for that. jay, you're one of the best of the best. and i think, it's hard to believe that 26 years comes and goes so very, very quickly, but it
will america do to stop a madman. >> i am a supporter of the second amendment. but i believe it's time for us to move a different direction. >> and the congresswoman who lost her husband in the long island railroad shooting. >>> also, i'll go one-on-one with a gun advocate who said that lawmakers who vote for gun control have blood on their hands. could he be serious? >>> and why the second amendment doesn't say what you think 2 does. >>> plus a class gunned down, a teacher to protect them. main who lost his daughter. >> they believe that because the problem is guns the answer is guns. it's simply ridiculous. >> we'll go inside the mind of a killer. what dr. oz thinks we should do about mental illness. >> i think we need a homeland security approach to mental illness. thirst is "piers morgan tonight." >>> good evening, final farewells today for two more 6-year-olds, victims of the terrible attacks in sandy hook. jessica rekos was a little girl who loved horses and asked santa for cowgirl boots and cowboy hat and james mattioli who asked once how old do i have to be to sing on stage. president
guest host, contributor dan greenhouse, a chief global strategist with btig. he's going to be with us throughout the program. and merry christmas. and -- >> same you to, as well, sir. and other holiday greetings. >> we don't pay you a lot for cnbc contributor, do we -- did we order you to be here? >> i'm contracturally obligated to not specify anything. >> not specify anything? here at 5:30 and all the way to 9:00. >> i knew that there would be trouble this morning. i got myself seated -- >> good. we'll squeeze you for everything you're worth. we needed a big name. >> big name. we got one. >> it day after -- for december 26. >> you're too kind. >> then here you are. >> here he is. >> what did you get? anything good? >> i have -- >> switch, lump of coal? >> he's a hanukkah guy. >> a lump of coal -- yes, but a lump of coal at some point probably worth something. tet rate we're going. >> that's right. you're -- no tree? >> i want a tree, my wife says they're too messy. >> the trees are messy. >> the needs needles -- >> you have the festivus pole. >> grievances -- >> you better go, sorry.
in snow. she shows us the tricks she used to survive and how she managed to escape. >>> and we asked, is it real or is it fake? that video of an eagle snatching up a baby, blowing up so fast. grabbing more than 16 million views in two days. it worked. but, yes, it's a hoax. this morning, we go straight to the source to learn the secrets of how they did it. >>> good morning, america. hi to robin at home. great to have elizabeth vargas back. paula faris in today. i'm surrounded. this is great. >> george's angels. >> that's right. >> and by the way, i knew it was a hoax. i knew that eagle wasn't grabbing that baby. >>> we have a lot to get to today. including the fiscal cliff showdown. talks have broken down. house republicans are going to push a fallback plan today. they're trying to make sure that taxes don't go up for anyone making under $1 million. will it help or hurt the negotiations? >>> and president obama front and center on the gun control debate, promising yesterday quick action. we'll show you how some cities are arming teachers. while many parents are taking safety in
reached. >> i'm sure you'll continue to monitor it for us. we'll get back to you when there's something new to know. in the meantime, what are you supposed to do as an investor? we saw how the dow really swung during the president's speech. we saw the spike up and came back down and now we're seeing it through the day. why don't we bring in our cast of thousands here. ben willis, jason milly, brad fredelander, and of course rick santel santelli. ben let me get to you first of all. what do you feel this means beyond just the market moves today, the emerging deal what does it mean for the markets once we crack into the new year? >> we knew they could do it, it just took a long embarrassing cost of our reputation in the world to get it done. with that being said, i think you mentioned the capping on the tax deductions. you want to keep an eye on the high end housing and the high end buildings. if that does come to fruition. but the whole tape is moving. apple in and of itself is moving the nasdaq today. that may be a function of the idea of the continuation of the tax benefits for writeoff
to us there wasn't anything we couldn't do. there is no limits as to how far we can go. we have limits because we got here late, the language, the skills, but you can be anything you want. and i can't tell you how important that is for a young person to not only have dreams and believe those dreams are possible. if i worry about anything, i spoke about this last night, young americans aren't dreaming or aren't believing the dreams are accessible to them. >> >> you mentioned mitt romney who until three weeks ago was the leader of the party. mitt romney going to disappear or does he have a continuing role? >> i hope he doesn't disappear and hope he has a continuing role. first of all, very few people have done what he has done, run for president and be the nominee of the party. >> and get crushed. >> that's not accurate. he got 47%. he won a lot of states. he didn't lose 49-1. he won places and has a lot of supporters. but he has been successful at life. and i told him this, too. mitt romney is a role model as a person, a father, husband, community leader. he has a lot to offer the repub
you very much for taking the time. >> thank you. >> thank you very much for joining us today, michael johnson, the ceo of herbalife. the markets are currently sitting around the lows of the day as we speak. the dow down by about 56 points, and that is it for "street signs" today. "closing bell" is coming up next. >> hi, everybody. good afternoon. we enter the final stretch and welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. scott, good to see you. here with scott wapner. the market near the lows on the day on fears that a deal to avoid the fiscal cliff may actually be a lot further away than we thought. >> more sparring today. deal, i don't know. if you listen to what they are saying today, scott wapner in for bill griffith. the president calling for compromise in a news conference today, but here on wall street there is a bit less optimism for the deal than we've felt in recent days. see where we sit right now. the dow is down 56 points. nasdaq and s&p under some pressure as well right now as we -- there you go. nasdaq is down six and the s&p, maria
massachusetts. mr. markey: and if barney frank was down here, none of us would have -- none of this would have happened in terms of the understanding of the parliamentary procedure. he was up there trying to grab an managenary microphone. . john oliver has been for us -- olver, has been for us an invaluable colleague. he taught so much to us. when he sat down with us talking about transportation, he explained our own districts to us as far as what was possible. on climate change, i talked to him for about 20 years. he was on this issue in the early 1990's and probably understood it probably even before that. he is that smart. he is that visionary in terms of the issues are essential not just to massachusetts, but to our planet. and it has been migrate honor to have served with you, john and to have called you my friend and colleague overall of these years and we thank you so much for what you have done for us and for the country and thank you. and with that -- the speaker pro tempore: the gentleman's time has expired. under the speaker's announced policy of january 5, 2011, the gentleman from
asset sales. >> you agree? you remember your name before -- >> that does it for us today. make sure you join us tomorrow. right now, time for "squawk on the street." >>> good morning, welcome to squawk on the street. i'm carl quintanilla, melissaly, jim cramer. nyse euro net selling itself to ice for 8.2 billion in cash and stock. david is here to break it down. >> go through some of the numbers four. the deal itself having been officially announced in the last half hour or so board signing off, call it about 8 a.m. eastern time. my sources tell me this all began a couple of months back when jeffrey spraker, the ceo of ice approached duncan niederauer, the ceo of the stock exchange about a potential deal. looking forward hearing from both men later in the program. as for the deal itself, if you're a new york stock exchange shareholder, mr. spreker built this account the past decade. 36% of the combined company will be controlled by current new york stock exchange shareholders. you get a premium. also an opportunity to participate in the continued growth of what will be a trading ba he m
, cultural, and economic ideas to the rest of the world. >> good afternoon. thank you for joining us here at the heritage foundation in our lewis lemon auditorium. we, of course, welcome those who joins honor heritage.org website on all of these. would ask everyone here in house if you'd be so kind to check cell phones one last time and see that they are turned off. thank you, louis. amazing how many speakers actually start doing that. we will post the program on a website within 24 hours for your future reference, and, of course, our internet viewers are always welcome to e-mail us with questions or comments, simply writing those to speaker@heritage.org. our guest today, doctor larry schweikart is a native arizonan turkey on this bachelor and masters degree at arizona state university and received his doctorate from university of california, santa barbara. throughout his high school and college, however, he spent most of his time playing drums in a variety of dance. as a rock, he was part of several groups, one of which opened for steppenwolf, among other performers for those old enough
. in fact, it's sitting on the lows of the session at 13,135. danny hughes is with us from divine capital and mark spellman from value line funds and joe greco on the flor with meridian equity partners and our rick santelli is standing by in chicago. rearranged priorities on this, and the market really reflects that. >> absolutely does, bill. a hard day to trade when you're so focused on the tragedy that's unfolding in front of us, and as the mother of a kindergartner and a pre-school child my heart goes out to these families. it's a real terrible thing. >> we do have business to conduct though in washington. >> we do. >> and when we last left that story it appeared there was very little progress made. how do you invest in that kind of an environment? >> even less is happening frankly, so, you know what, we have to do is still keep our eye on the ball and have to believe that at some point something will further itself, whether it happens whether we go over the cliff or before that. reinvest in companies that are dividend payers, that have an efficiency paradigm so whether they are invest
's not on that face. >> i've been on that bus. >> they are just as good as gold. >> as all of us in this country were starting to see people coming out and talking about their experiences, this phenomenon, that so many of us had experienced in one way or another, and had no words for. other than adolescence, other than growing up. we finally -- people were starting to stand back and say, hold on. this isn't actually a normal part of growing up. this isn't a normal rite of passage. i think there was a moment where there was a possibility for change. and director lee hirsch and i decided to start the film out of that feeling that voices were kind of bubbling up. coming up to the surface to say this isn't something that we can accept anymore. a normal part of our culture. >> film maker cynthia loewen has followed up her award winning film by gathering essays and personal stories in "bully." hear more tonight at 10:00 on "after words" on c-span2 and more book tv online, and like us on facebook. next chiefs of staff to the governors of virginia, colorado, and oklahoma talk about the fiscal issues of their
, good news, but a u.s. federal agency's going to signing off blackberry. david: oh, competition. whoever thought blackberry would come back, but it has. liz: at least for the moment, dow not coming back, 72.s down on the day, starting in the green by a tiny bit, but the markets started to the upside, crossed the line 30 times, and at 11:30 a.m. eastern, boehner came out, said spending's the issue. the president's not listening. it basically ruined the marks as you see. s&p couldn't gain here, down eight points. david: looking at the negative numbers, imagine what they would be if the fed did not do the money printing. a lot worse than it was today. could have been worse. facebook, when the market is in the red, facebook in the green, today is not an exception. today, a big bump, over 2% bump. tomorrow, of course, is the third lock up, another 156 million shares of facebook coming online, previous times when that's happened, we saw the stock jump as it did today. liz: right. everybody expected it to fall, it didn't. we're watching that. when apple falls on iphone estimate cuts, so do the
in the courthouse when d.n.a. started coming into be used at the courthouse. prior to that many law enforcement and prosecutors had to rely on blood samples and fingerprints, but once d.n.a. came in and we learned everybody has a unique genetic makeup and it can be connected and traced to perpetrators of crime when they commit a crime, especially in sexual assault cases. and convictions have gone up. the evidence is better. the proof beyond a reasonable doubt is much more available in d.n.a. cases. in 1985, there was a 13-year-old girl named lavenia masters. she lived in dallas, texas. she told her folks good night. she went to her bedroom which should be, mr. speaker, the safest place on earth for children -- went to sleep and during the middle of the night she was woken up by an outlaw putting a knife to her throat and he sexually assaulted her. then he snuck away in the darkness of the night. that was in 1985. she went to the hospital. her parents took care of her medical needs. d.n.a. evidence was taken from her. it was given to the law enforcement authorities, but that d.n.a. evidence from
for you. help you use that knowledge to navigate well in 2013. >>> here are the near-final figure y figures. one trader said to me we were lower friday because nobody wanted to go into the weekend long the market. now nobody wants to go short the market tonight in case they're able to get this deal done and vote on it in the next couple days. the dow at 13,106.98 to close out. the s&p up today. and a strong day for the nasdaq. up 2% right now at 3,019. >> certainly the market didn't seem to be particularly deterred by the news that john harwood just broke there, the fact it looks like no vote in the house tonight. which would mean technically we'd go over the cliff. but he still thinks a deal will be struck but just not tonight. 2012, check. it's in the books at least for the markets, that is. and while the clock keeps on ticking, no deal yet. what is an investor to do in the new year? >> edward pangin with us, james buckingham, rick santelli. everybody on board to pick apart what has just happened and what may happen going into the new year. what do you think? are you hopeful to ge
he saw the pentagon's estimate, he wrote in the margin, i doubt it, it took us three months just to take sicily. when the spending requests came in, he said, i know the boys at the pentagon. he believed real national security was from a sound economy. he was a deficit hawk, boy, we could use him today, who controlled government spending and taxes. the famous speech warning against the industrial complex was at the end of the presidency, but worked on it all along behind the scenes. heaven help us he liked to say when we get a president who knows less about the military than i do. it was not about the economy or saving money. in the berlin crisis and earlier crisis with korea and vietnam in 1953 over the strait in 1954-55 and 1958 in the suez crisis in 1956, he was planning a bigger gain for higher stakes. west point cadet and young army officer, ike was a great poker player, and, indeed, so good, he had to give it up. he was taking too much money from the fellow officers hurting his career. he switched to bridge, but he never forgot how to bluff. the soviets, he bluffed with nucl
guy. >> he's a good guy. >> ed is going to try to make us slightly -- >> be a little sensitive. let's get you some some of the morning headlines. the biggest one being president obama planning to meet with congressional leaders at 3:00 p.m. eastern time today in a last ditch effort to avoid the fiscal cliff. the house majority leader eric cantor is now telling members to be prepared to work through january 2nd. both sides still far apart, however, on taxes and spending cuts. senate majority leader harry reid says prospects for a deal by monday are still unlikely. there was a lot of movement, motion for not a lot of action. >> where were you yesterday? >> i was here. we were together. >> were we ever with our -- no. but there were duelling senate leaders just -- first mcconnell came on. and he said -- did you see either one of those? >> i did. >> did you see harry reid? >> there's no chance of -- >> but if you think -- i want to rise above. there was so little of anything close to that yesterday other than just the -- i mean, people at home must be like, it's the endless blaming and
, bob doll will be giving us his lineup for stocks. that's coming up at 7:00 a.m. eastern time. at 8:00 eastern, a cnbc exclusive. david tepper, one of the world's top performing hedge fund managers will join us to give us some of his wisdom in a kaerc t can't-miss interview. a lot to talk about with him. in the meantime, why don't we get to some of today's top stories. we could see some movement in the fiscal cliff negotiations. house speaker boehner offering to raise the top tax rates on those making over $1 million a year as well as other measures amounting to $1 trillion in new revenue. that's in exchange for an equal amount in spending cuts. the white house has not yet accepted the proposal. >>> also, apple says it has sold more than 2 million in iphone 5s in china just over the last three days. that's the best ever debut for the iphone line in china. apple is china's second biggest market, although it did lose a lot of market share while they were waiting for that i5 to come out. and citi research has downgraded apple from a hold to a buy. you can see there just below $500. >>
on the crisis in syria. this as concern grows over the possible use of chemical weapons. >>> the duchess of cambridge heads home after leaving a london hospital. new fallout after an embarrassing phone hoax. >>> and a contractor online. is that fair? plus anderson cooper talks being blinded by the light. >>> but we begin this morning with a look at today's "eye-opener," your world in 90 seconds. >>> this would cross a red line and those responsible would are held to kwt. >> pressure grows to stop the syrian regime. >>> credible use of weapons by syria. >> if that gas discharges it would take only one minute to kill tens of thousands of people. >> i would not put it past assad to use this weapon it's the kind of regime he's been leading. >> where are they taking you, john? >> to jail. >> john mcafee under arrest in guatemala for entering the country illegally. >> he vanished after his neighbor was found dead. >> the administration, are they prepared to go over the fiscal cliff. >> absolutely. >> fiscal cliff negotiations in washington, still up in the air.
javers joins us now with the details. again, good evening, eamon. >> good evening, larry. we're told the meeting at the white house was in the oval office. it was about 50 minutes long. boehner and obama were joined by a couple key players, including tim geithner and rob neighbors, the white house's liaison to capitol hill. he's the go-to guy who's been shuttling the paper back and forth throughout this. boehner was also joined by an aide that boehner sources have not named. i don't want to read too much into this larry. but you can get a sense from the amount of people in the room that they're getting into at least some level of detail here. if it was just the two principals, you'd expect a more general conversation. with that number of people in the room, maybe some more details getting hashed out. both sides describing the meeting as a frank one. saying as they have been throughout this that the lines of communication are open, but no major announcement here after the meeting. no news here so far on what was actually traded in terms of offers and counteroffers here in this meeting
undercarriage. but spain and the undercarriage is not something any of us need. but i think that howard dean, we didn't have time to go back and get howard and stuff. but howard said the best deal the democrats are going to get is to go over the fiscal cliff. taxes go up, then you go the republicans in position where they're getting the lower taxes. then patti murray. >> i just hope that people are paying attention that what we are seeing is basically the best world for politicians, they put off the and then everybody is going to pretend, oh, it's something happened. and nobody in the meantime is representing the interest of the american people. you know, we've got both parties in a position to negotiate this is what we want, this is what we elected and they're doing everything they can to not pay attention to that and to go to their separate corners and to be separate and to pretend that their way is not the only way. >> and it could result in people being called into, like, their supervisor's offices and their supervisor goes, i'm sorry, people are actually losing jobs because of this. >> but
kernen. andrew ross sorkin is off. we have two well-known market voices joining us. barry knapp and richard bernstein. we have a lot to talk about. thanks for coming in. we'll start things off in just a moment. we do want to begin with the markets and that looming fiscal cliff. the dow finishing november lower for the second consecutive month. the blue chips falling half a percent in november. and #% sinnasdaq and s&p did fi higher last month. six out of ten sectors managed to post a gain. consumer discretionary stocks up the most. utilities the biggest losers. and while individual trading sessions may have been choppy, it was another month of low volatility. the vix remained below 20 for the fourth consecutive month and that's the longest streak since february of 2007. a big part of the market story has obviously been a big topic dominating the sunday talk shows. tim geithner arguing republicans need make the next move in negotiations. >> republicans have said that they don't like those reforms or they would like to do more. and if that's true, then they should tell us what the
reading. >> thank you for spending three hours with us. >> thank you. >> i would think all the technical -- it's different this time. i know you've never heard that before. i have a very special announcement, once again. i want to say happy birthday to blake hernon, who is now officially a teenager. 13 years young. >> he'll be voting democratic in five years. >> absolutely. >> "squawk on the street" starts right now. happy birthday, blake. >>> good morning. welcome to "squawk on the street." hope you all had a good christmas. i'm melissa lee. we're live from the new york stock exchange. jim cramer has the day off. the latest s&p schiller home price report has been released. the results being shown at the bottom of your screen. david blitzer will join us with a closer look at the numbers in just a few minutes. let's get a check on how we're setting up on this day after christmas trading session. the dow looking higher by about 15 points. s&p looking at about two points at the open. european markets closed on this day after christmas. the uk and france among those celebrating foxing day. w
with. all right. >> we want to thank john harwood for joining us for the hour. we also want to thank tony and jared for being with us through this whole hour. >> and sitting through that. >> happy new year to everybody. and we should point out, look, fiscal cliff, market says, what, me worry at this point? >> i wonder what really did happen. did you get anything -- >> i think it was tony and i. >> not since we last talked. >> you guys get along well. as long as you're a steeler fan, you get along. it was great. thanks, guys. we've got to go. >> can you see this? we're giving out the fiscal cliff bars today. >> bye, everybody. happy new year, joe. right now, time for "squawk on the street." ♪ >> one final trading session for 2012. and it comes, of course, with the add eed drama of a fiscal cliff set to take place 15 hours from now. i'm carl, with melissa lee. cramer and faber are off today. good morning to you, dan. >> good morning. >> the house gaveling into session just a few moments ago. business there is going to start at 10:00 a.m. eastern time. futures are showing some resilie
and david faber. we're live from post 9 at the new york stock exchange. a vacuum here in terms of u.s. economic data. none on top today. we're looking at a flat open across the board. as for europe, movement there. the buyback of greek debt will in fact work. we're seeing just fractions of a percent in terms of changes there. our road map this morning starts with the latest in the fiscal cliff negotiations. the white house promptly rebuffs the gop counterproposal which calls for $800 billion in new tax revenue but without tax rate increases for the wealthy. could this tax issue deadlock the talks? >>> bank of america ceo warns the cliff must get stalled or the economy could be stifled well into 2014. >>> even more dividends pushed into 2012. coach, american eagle moving up and oracle will play out three-quarters of dividends this year. >>> more strength in housing this morning. toll brothers earnings top expectations. we'll begin with the fiscal cliff. governors are set to meet today with the president and congressional leaders. governors are concerned about the impact of deficit redu
. >> because you're using the driver's license number or last four digits of your social security number and checking that. before that envelope is opened they check that against the statewide voter data fwace where your signature exists on electronic file and where all of that information exists or the physical copy of it. that's the same thing if you vote by mail. again, you don't leave home to vote in ohio. we have an entire buffet of options for voting and we have built in safeguards for doing so. >> that discussion just got extremely technical. >> it did. sorry. >> but there's a point to be made i think from how technical that discussion was. who are the people who are going to be implementing an i.d. requirement on election day? they are poll workers who work once or twice a year, get paid very little money and it's tough. and to be a poll worker. and it's tough with all these rules and the more technical they get, the more mistakes will be made. i wonder if there's something that just cries out for simplicity in terms of i.d. requirements, and maybe no i.d. requirements because it
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